Indiana’s Tech Industry Adds 400 Jobs
Indiana’s Tech Workers Earn 57 Percent More Than the State’s Average Private Sector Worker

Oakbrook Terrace, IL (April 24, 2007) – AeA, the nation’s largest technology trade association with 2,500 member companies representing all segments of the high-tech industry, today released its 10th anniversary Cyberstates report detailing national and state trends in high-tech employment, wages, and other key economic factors. The report, Cyberstates 2007: A Complete State-by-State Overview of the High-Technology Industry, covers all 50 states, the District of Columbia, and Puerto Rico.

Indiana's high-tech industry experienced a net gain of 400 jobs in 2005, the most current state data available. Indiana remained the 23rd largest cyberstate employing 68,600 with a total payroll of $3.8 billion. The largest employment gains came from the engineering services sector (+600 jobs) and the computer systems design and related services sector (+400 jobs).

“The high tech industry is a crucial component of Indiana’s economy“ said Ed Longanecker, Executive Director, AeA Midwest Council. “Not only is it an area of growth and job creation, but these jobs are well paying – almost 60 percent more than the average private sector wage. Although venture capital investments declined this year, they still amounted to a respectable $69 million. To promote long-term growth of tech jobs, we need to invest in the skills of our workforce and remain focused on the math and science education of our children.”

Nationally, Cyberstates 2007 shows that the high-tech industry is picking up. High-tech employment was up by 146,600 out of 5.8 million workers in 2006, the second year in a row that the U.S. tech industry has added jobs.

This 10th edition of Cyberstates provides a comprehensive review of the high-tech industry nationally and state-by-state in terms of high-tech employment, wages, payroll, and establishments. Cyberstates also offers data on venture capital investments and R&D expenditures.

A national and state-by-state analysis of the technology industry and international trade will appear in a forthcoming AeA report entitled Trade in the Cyberstates 2007: A State-by-State Overview of High-Tech International Trade.

AeA members can purchase Cyberstates 2007 for $125; non-members for $250. Visit www.aeanet.org/cyberstates to download the report, or call 408.987.4200.

What Does High Tech Mean for Indiana?

• 68,600 high-tech workers (23rd ranked cyberstate)
   

• 400 jobs added between 2004 and 2005
   

• High-tech firms employed 28 of every 1,000 private sector workers in 2005, ranked 46th nationwide
   

• High-tech workers earned an average wage of $55,700 (38th ranked), or 57 percent more than Indiana's average private sector wage
   

• A high-tech payroll of $3.8 billion in 2005, ranked 24th nationwide
   

• 5,100 high-tech establishments in 2005, ranked 20th nationwide
   

• Venture capital investments of $69 million in 2006, ranked 24th nationwide
   

• R&D expenditures of $5.1 billion in 2004, ranked 18th nationwide

Indiana’s National Industry Sector Rankings:

• 6th in photonics manufacturing employment with 1,100 jobs
   

• 13th in defense electronics manufacturing employment with 2,000 jobs
   

• 13th in communications equipment manufacturing employment with 3,800 jobs

Source: Cyberstates 2007

Data are for 2005 unless otherwise noted.

2005 state data are the most current available for employment, wages, payroll, establishments, and industry sector jobs.

Published by AeA, Advancing the Business of Technology (www.aeanet.org)

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About AeA

AeA, the nation’s largest technology trade association with 2,500 member companies representing all segments of the high-tech industry, is dedicated solely to helping our members’ top line and bottom line. We do this in partnership with our small, medium, and large member companies by lobbying governments at the state, federal, and international levels, providing access to capital and business opportunities, and offering select business services and networking programs. For more information, please visit http://www.aeanet.org.

This page was last updated on 04/23/07.            
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